WEC ENERGY GROUP INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
WEC$117.01-0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Income Statements
| CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) | Three Months Ended | |
|---|---|---|
| March 31 | ||
| (in millions, except per share amounts) | 2024 | 2023 |
| Operating revenues | $2,680.2 | $2,888.1 |
| Operating expenses | ||
| Cost of sales | 927.1 | 1,309.7 |
| Other operation and maintenance | 530.8 | 534.0 |
| Depreciation and amortization | 333.4 | 305.5 |
| Property and revenue taxes | 75.5 | 69.6 |
| Total operating expenses | 1,866.8 | 2,218.8 |
| Operating income | 813.4 | 669.3 |
| Equity in earnings of transmission affiliates | 44.8 | 43.8 |
| Other income, net | 44.1 | 40.8 |
| Interest expense | 192.0 | 172.2 |
| Other expense | (103.1) | (87.6) |
| Income before income taxes | 710.3 | 581.7 |
| Income tax expense | 87.7 | 74.1 |
| Net income | 622.6 | 507.6 |
| Preferred stock dividends of subsidiary | 0.3 | 0.3 |
| Net loss attributed to noncontrolling interests | — | 0.2 |
| Net income attributed to common shareholders | $622.3 | $507.5 |
| Earnings per share | ||
| Basic | $1.97 | $1.61 |
| Diluted | $1.97 | $1.61 |
| Weighted average common shares outstanding | ||
| Basic | 315.6 | 315.4 |
| Diluted | 315.9 | 315.9 |
| 03/31/2024 Form 10-Q | 4 | WEC Energy Group, Inc. |
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